Google, Paytm Mall To Collaborate And Acquire 10% Stake In Retail Group | CashKaro News Network

With the report of the internet giant Google and Paytm Mall, an Alibaba-backed               e-commerce platform joining forces to invest 3,500-4,000 crore for a 7-10% stake in Future Retail Ltd (FRL – controlled by Kishore Biyani), doing rounds on internet, the collaboration is said to compete with Amazon, one of the top e-commerce giants, who had similar plans to acquire stake in FRL. All set to bring a new same-day delivery service named Google Express, a competitor to other e-commerce websites in India, the internet giant is set to provide a medium for e-grocers like Grofers and Bigbasket to push their product via Google Express.

Source: ET Now News


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